Latrobe Art Center

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Latrobe Art Center Form 990, Revenue, CEO Pay, and IRS Filing Signals

Latrobe Art Center is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Latrobe Art Center in one place.

Is Latrobe Art Center Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Latrobe Art Center shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Latrobe Art Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Latrobe Art Center

Latrobe Art Center (EIN: 20610614) is a nonprofit organization based in Latrobe, PA, classified under NTEE code A20. The organization reported total revenue of $656K and total assets of $659K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Latrobe Art Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Latrobe Art Center is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Latrobe Art Center reported a deficit of $59K with expenses exceeding revenue, holds 13.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).

Financial Trends

Over 14 years of filings (2011–2023), Latrobe Art Center's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Latrobe Art Center with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Latrobe Art Center allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $59K, with expenses exceeding revenue.
• Debt-to-asset ratio: 1.7%.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer or compensated through non-officer roles, which is highly efficient for a nonprofit of this size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Latrobe Art Center's IRS 990 filings:

• Operating deficit in the most recent fiscal year (2023), with expenses exceeding revenue by $59,394.

Strengths

The following positive indicators were identified for Latrobe Art Center:

• Consistent asset growth over the past decade, from $192,181 in 2014 to $406,912 in 2023.
• Zero reported officer compensation across all filings, indicating high efficiency and dedication of resources to mission.
• Low liabilities relative to assets, demonstrating sound financial management.
• Consistent filing of IRS 990 forms, indicating transparency and compliance.

Frequently Asked Questions about Latrobe Art Center

Filing History

IRS 990 filing history for Latrobe Art Center showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2023), Latrobe Art Center's revenue has grown by 16.4%, moving from $254K to $295K. Total assets increased by 192.2% over the same period, from $139K to $407K. Total functional expenses rose by 104.9%, from $173K to $355K. In its most recent filing year (2023), Latrobe Art Center reported a deficit of $59K, with expenses exceeding revenue. The organization holds $7K in liabilities against $407K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $400K.

Year-by-Year Financial Summary

• 2023: Revenue of $295K, expenses of $355K, and assets of $407K (revenue -17.5% year-over-year).
• 2022: Revenue of $358K, expenses of $325K, and assets of $465K (revenue -3.4% year-over-year).
• 2021: Revenue of $370K, expenses of $322K, and assets of $432K (revenue +1.7% year-over-year).
• 2020: Revenue of $364K, expenses of $259K, and assets of $384K (revenue +0.8% year-over-year).
• 2019: Revenue of $361K, expenses of $322K, and assets of $283K (revenue +19.9% year-over-year).
• 2018: Revenue of $301K, expenses of $282K, and assets of $243K (revenue -10.4% year-over-year).
• 2017: Revenue of $336K, expenses of $298K, and assets of $223K (revenue +3.0% year-over-year).
• 2016: Revenue of $326K, expenses of $329K, and assets of $186K (revenue -3.7% year-over-year).
• 2015: Revenue of $339K, expenses of $342K, and assets of $190K (revenue -13.3% year-over-year).
• 2014: Revenue of $391K, expenses of $374K, and assets of $192K (revenue +4.4% year-over-year).
• 2013: Revenue of $374K, expenses of $357K, and assets of $183K (revenue +12.9% year-over-year).
• 2012: Revenue of $332K, expenses of $303K, and assets of $155K (revenue +124.2% year-over-year).
• 2011: Revenue of $148K, expenses of $163K, and assets of $124K (revenue -41.7% year-over-year).
• 2011: Revenue of $254K, expenses of $173K, and assets of $139K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Latrobe Art Center:

Data Sources and Methodology

This transparency report for Latrobe Art Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.